A VC: Musings of a VC in NYC

SEPTEMBER 15, 2019

In the Correlation post, they define “hit rate” as: the percent of invested dollars generating a 10X or greater return. It could be the number of investments in your portfolio that return the fund. It could be the number of seed investments you make that turn into billion-dollar valued businesses.

venture capital 185

venture capital VC sustainability capital 185

This is going to be BIG.

JANUARY 6, 2019

Ask any VC how excited on a scale of one to ten they are about their latest deal, and they’ll tell you eleven out of ten. Veterans will probably be a little more cautious and tell you they’re at a ten out of ten—but despite knowing all the risks, a VC simply isn’t going to get over the line unless they’re pretty blown away by an idea.

pitching 244

pitching VC strategy investing 244

Both Sides of the Table

JULY 27, 2014

Scott and I agree on nearly everything: The VC structure is changing and there appears to be a bifurcation into small & large VCs with an impact on “traditionally sized” VCs. The only point we didn’t seem totally aligned on was what we happening to the “middle of the VC market.”

VC 309

VC SaaS strategy ventures 309

Tomasz Tunguz

JANUARY 26, 2020

Then these firms raised larger funds to invest in LBOs, but they diversified, too. In the 2000s, a wave of PE funds went public. The competitive dynamics in the market where access to invest is more valuable than capital. 2018 and 2019 exceeded the heady days of 2000 in terms of dollars deployed.

disruption 79

disruption VC real estate venture capital 79

Both Sides of the Table

FEBRUARY 8, 2010

You’re tied at the hip to your VC. Get to know VCs over a long period of time so that when you’re ready to get engaged you feel you know their character. How do you then reference check your VC to be sure that you’ve chosen a good firm and partner? Ask the CEO’s about the VC when the chips were down.

VC 288

VC advice entrepreneurs venture capital 288

Both Sides of the Table

JUNE 18, 2010

To see the video of This Week in VC click on this link. We spent the first 45 minutes or so talking about industry trends (in this order): The history and background of True Ventures, one of my favorite early-stage VC’s (and the one with whom Om is a venture partner). DST invested $180mm last fall.

VC 225

VC social gaming venture capital networking 225

Both Sides of the Table

NOVEMBER 14, 2010

And so it happened that between 2000-2008 I was the biggest buzz kill at dinner parties. They have marked-up paper gains propped up by an over excited venture capital market that has validated their investments. Logic tells me the following: It is hard to make money angel investing. It was an investment management class.

angel investing 299

angel investing investing investment real estate 299

Tomasz Tunguz

JULY 15, 2015

In Q2 2015, VC investment totaled $16.7B, about a 66% of the $28B deployed in Q2 2000 according to a new report. A big contributor to this growth are nontraditional investors including mutual funds and hedge funds, which now account for approximately 40% of dollars invested. And the trends shows no sign of stopping.

venture capital 40

venture capital VC investing investment 40

A VC: Musings of a VC in NYC

JULY 23, 2020

Ad-buying opportunities within podcasts have historically been manual and limited, not unlike the process of purchasing web ads pre-2000. USV has been looking for an opportunity to invest in podcasting that fits with our thesis and we found it with Headgum and Gumball.

networking 197

networking education opportunity media 197

Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. In case VC’s haven’t figured this out yet, shit rolls downhill. My blog linked to Brad Feld’s blog because I was so grateful for his series on term sheets and he was one of the biggest reasons that as a VC I felt compelled to blog.

VC 274

VC venture capital pitching capital 274

Tomasz Tunguz

OCTOBER 3, 2022

to $360b invested per year. More financings occur outside San Francisco, but Bay Area companies now raise 2000 to 2500 rounds per year, up from 404. It’s not that VC dollars have left San Francisco to fuel other geographies. In 2019, US startups raised $126.4b. In Series Seed, A, & B rounds, the deficit measures 30%.

startup 102

startup startup ecosystem health VC 102

Both Sides of the Table

SEPTEMBER 29, 2009

When venture capitalists scale back investing activities it can be very swift and leave many companies that are in the process of fund raising hung out to dry. Just ask anybody who was trying to close funding the fateful week of September 11, 2001 or even March 2000. Why did the VC markets freeze so quickly? Short answer – yes.

VC 263

VC board investing investment 263

TechCrunch

SEPTEMBER 9, 2022

Twitter Space: A Gen Z VC speaks up. According to Andrew Chan, a senior associate at Builders VC, GenZ investors “are still a bunch of kids, myself included.” EDT , Chan will join me to share his views about why “ Gen Z isn’t a real investment trend. A Gen Z VC speaks up: Why Gen Z VCs are trash.

VC 86

VC pitching founder startup 86

TechCrunch

NOVEMBER 10, 2020

million Series A round, passed the due diligence process, and the investment committee had approved the deal. In a Point Nine Capital survey, founders said that the two most stressful elements of raising venture capital are not knowing where in the fundraising process they are and not understanding why VCs have rejected their proposal.

venture capital 107

venture capital capital ventures founder 107

Tomasz Tunguz

JUNE 5, 2021

Let’s examine the relationship between total venture capital investment and the 10 year Treasury in some detail. The y-axis tracks enture capital investment by year and the year of the data point resides in the reddish circle. Our story starts in the bottom right of corner in the year 2000 with 6% interest rates and $18.2b

venture capital 145

venture capital capital ventures VC 145

Tomasz Tunguz

JULY 20, 2014

In fact, I found only two books: a textbook on private equity and venture capital by HBS professor Joshua Lerner, and an out-of-print collection of 32 VC interviews called “ Done Deals ,” published in September 2000. By mid-1999, $300M was being invested in Internet companies each week. Mitch Kapor, Accel.

venture capital 40

venture capital SaaS ventures investing 40

Both Sides of the Table

JUNE 27, 2013

We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). If you’ve been following the press about VC funds you’ll know this is no small feat. Like many modern VCs, we’re committed to investing in the community and in our portfolio companies.

ventures 343

ventures venture capital advice VC 343

Both Sides of the Table

JUNE 28, 2011

I will argue that LPs who invest in VC funds will also need to adjust a bit as well. These two trends had a major impact on the computing industry from 2000-2005 but the effects weren’t yet felt by the VC industry. I have called the creation of Micro VC as the most important change in our industry and I believe it.

venture capital 334

venture capital capital ventures VC 334

TechCrunch

APRIL 11, 2022

Schiff Professor of Investment Banking at Harvard Business School, to weigh in on what we are seeing, and while they’re trying to make sense of things, too, they noted a couple of things that could impact the velocity of deal-making that we’ve been seeing. We have come back and invested with founders we originally declined.”.

venture capital 97

venture capital investing investment ventures 97

Both Sides of the Table

MAY 25, 2013

But VC is like congress. As you can see from the chart their data suggests there are about $25 billion of VC distributions per year in the US. According to FLAG Capital there are 100 active VCs (as defined by making at least $1 million in VC per quarter for 4 consecutive quarters). Their data looks at tech VCs.

VC 374

VC peer-to-peer entrepreneurs board 374

TechCrunch

MAY 17, 2022

The judges for this pitch-off will be Yoon Choi (Muirwoods Ventures), Mar Hershenson (Pear VC) and Gabriel Scheer (Elemental Excelerator) on day one; and Sven Strohband (Khosla Ventures), Victoria Beasley (Prelude Ventures) and John Du (GM Ventures) on day two. ” Mar Hershenson — Pear VC. ” Mar Hershenson — Pear VC.

pitching 76

pitching energy startup consulting 76

Ian Hathaway

OCTOBER 14, 2020

In fact, through the first three quarters of the year, 2020 is on pace to be the most active year for venture deals since the Dotcom era peak in 2000. Zooming out, that indicates that 2020 is on pace to have more venture deals than any year since the peak of the Dotcom boom in 2000.

ventures 88

ventures mix-use VC venture capital 88

TechCrunch

MARCH 7, 2023

However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing. CB Insights recently found that two of the largest global VC firms, Sequoia Capital and Andreessen Horowitz, actually backed more fintech companies in 2022 than any other category.

advice 110

advice ventures sustainability investing 110

TechCrunch

SEPTEMBER 29, 2022

Now it’s Scale Venture Partners ’ turn, announcing it secured $900 million in committed capital for its eighth fund, also its largest since forming in 2000. It’s also invested in younger companies, like BigID, Dusty Robotics and Honeycomb. “We’d No investments have been made from the new fund yet, Niehenke said.

ventures 68

ventures startup SaaS venture capital 68

Both Sides of the Table

JULY 12, 2011

He and I once took different sides of an debate about whether “VC signaling&# in early-stage deals is a serious problem or not. So it was fun to turn the cameras on him for 45 minutes for a special “NY edition of This Week in VC&# and hearing his views. I’ve also found him to not be dogmatic either.

entrepreneurship 281

entrepreneurship VC angel investing venture capital 281

TechCrunch

JULY 12, 2022

Startups and VC. 20 million for legacy industries : C2 Ventures raises new fund to invest in the “dull, dirty and dangerous” by Catherine. 20 million for legacy industries : C2 Ventures raises new fund to invest in the “dull, dirty and dangerous” by Catherine. Darrell has more. When it’s okay to leave money on the table.

strategy 97

strategy VC leadership ventures 97

This is going to be BIG.

MAY 11, 2012

In fact, thanks to increased scrutiny of investment funds in a post-Madoff world, this imbalance will probably get bigger and bigger. But crowdfunding investments in startups is the answer to all our worries in life, right? If venture funds could be supported by the local communities they invest in, you'd create a fantastic dynamic.

ventures 275

ventures incubation VC venture capital 275

TechCrunch

SEPTEMBER 28, 2022

What can the 2000 dot-com crash teach us about the 2022 tech downturn? ” Looking at sectors as far afield as EVs, property tech and CRM software, Tim spoke to founders about the potential impacts and benefits of the new law, which includes $433 billion in new investment and $739 billion in offsets. Have a great week!

venture capital 82

venture capital innovation energy entrepreneurs 82

Both Sides of the Table

JANUARY 31, 2011

I’m enjoying being a VC. I thought I’d talk a bit about the differences I’ve experienced between being an entrepreneur & a VC – you know, from “both sides of the table.&#. VC meetings going well. 2 million in VC. I swore never to do that as a VC. What do VC’s Experience?

entrepreneurs 384

entrepreneurs startup VC real estate 384

TechCrunch

OCTOBER 2, 2022

A multibillion dollar acquisition , IPO projections and some good ol’ VC and billionaire drama? Instead, Cloudflare just got dozens of venture firms to offer to invest up to $1.25 Three years ago, 500 Global said it would decide on investments all year instead of just twice yearly. To get this in your inbox, subscribe here.

startup 79

startup disruption accelerator VC 79

Both Sides of the Table

APRIL 15, 2010

I don’t believe that search is the only answer in 2010 as it was in 2000. I won’t belabor this – I have an investment in this space ( ad.ly ) so I’m biased. I think this classifies as a “crack filler&# and I’m not sure I would have done the investment for that reason. Finally, I HATE the name.

venture capital 271

venture capital capital ventures VC 271

Both Sides of the Table

APRIL 20, 2011

They have totally changed the way you run a VC firm, investing heavily in systems & events for their founders that are pushing the boundaries of the way our industry works. It is clear that he is simply passionate about being a VC and participating in this industry. Investing Strategy. and Half.com.

capital 284

capital board VC pitching 284

Angel Capital Association

FEBRUARY 10, 2023

From an investor’s perspective, 2022 witnessed a sudden market reversal from an extreme equity seller’s market to an equity buyer’s market, causing dislocations throughout angel, VC, and startup ecosystems. It is unclear if VCs will agree to these terms, but LPs believe they now have more leverage. Smaller VC fundraises?

startup 52

startup VC SaaS capital 52

Tomasz Tunguz

SEPTEMBER 2, 2018

Everybody wants an allocation, an opportunity to invest in the very best companies. Third, this confluence of factors creates an opportunity for vertical integration in venture, where VCs provide capital at every stage in the company’s lifecycle: from seed to A, B through to pre-IPO rounds. Public market access to startups. **In

strategy 86

strategy venture capital VC opportunity 86

Gust

OCTOBER 17, 2012

I began studying angel investing returns about 10 years ago as a result of a problem I couldn’t resolve: The investing world seemed certain that angel investors were rubes. Conventional wisdom dictated that they made reckless investments in very early-stage ventures mostly doomed to fail. Only they’re not.

angel investing 152

angel investing venture capital investing investment 152

Both Sides of the Table

AUGUST 12, 2010

In the VC & Private Equity world there’s a small number, too, with one of the most respected being PEHub. I always wanted to have Dan on This Week in VC with Dan Primack ( to see video click link ) because he’s blunt, honest, opinionated and well informed. Question: Some people are saying traditional VC is dead.

VC 232

VC venture capital entrepreneurs ventures 232

Both Sides of the Table

FEBRUARY 27, 2011

Not an investment philosophy “ I understand the sentiment of this post and it’s how I view AngelList (like email), but I feel like it loses a nuance about AngelList. Still, as a VC I value proprietary dealflow & long term relationships. That’s less interesting for me as a VC. I worry about that.&#.

angel investing 267

angel investing VC mix-use entrepreneurs 267